Can I retire at age 55 with 2,610,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$215,531$213,612$211,738$209,910$208,125$202,437
2 years$106,699$104,712$102,786$100,918$99,107$93,418
3 years$70,426$68,430$66,509$64,659$62,878$57,366
4 years$52,293$50,303$48,402$46,583$44,845$39,552
5 years$41,416$39,438$37,562$35,781$34,090$29,032
6 years$34,167$32,204$30,355$28,614$26,975$22,155
7 years$28,992$27,045$25,225$23,525$21,938$17,357
8 years$25,112$23,183$21,393$19,735$18,199$13,855
9 years$22,095$20,185$18,426$16,810$15,326$11,215
10 years$19,684$17,792$16,064$14,490$13,059$9,174
11 years$17,712$15,839$14,143$12,611$11,231$7,568
12 years$16,070$14,216$12,551$11,061$9,733$6,283
13 years$14,682$12,847$11,214$9,765$8,487$5,245
14 years$13,493$11,678$10,076$8,669$7,440$4,397
15 years$12,463$10,668$9,097$7,731$6,550$3,699
16 years$11,563$9,788$8,248$6,922$5,789$3,120
17 years$10,770$9,014$7,505$6,220$5,133$2,639
18 years$10,066$8,329$6,851$5,605$4,564$2,236
19 years$9,436$7,720$6,272$5,065$4,068$1,898
20 years$8,871$7,173$5,756$4,587$3,634$1,614
21 years$8,359$6,682$5,294$4,163$3,252$1,373
22 years$7,895$6,237$4,880$3,785$2,915$1,170
23 years$7,472$5,834$4,505$3,447$2,617$998
24 years$7,085$5,466$4,167$3,144$2,352$851
25 years$6,729$5,129$3,859$2,871$2,116$727
26 years$6,401$4,821$3,579$2,625$1,906$621
27 years$6,098$4,537$3,324$2,403$1,719$531
28 years$5,817$4,275$3,090$2,202$1,551$454
29 years$5,556$4,033$2,875$2,019$1,400$388
30 years$5,313$3,809$2,678$1,853$1,265$332
31 years$5,086$3,600$2,497$1,702$1,144$284
32 years$4,873$3,407$2,330$1,564$1,035$243
33 years$4,674$3,226$2,175$1,438$936$208
34 years$4,487$3,058$2,032$1,323$848$178
35 years$4,311$2,900$1,900$1,218$768$153
36 years$4,145$2,753$1,778$1,122$696$131
37 years$3,989$2,615$1,664$1,034$631$112
38 years$3,841$2,485$1,558$953$572$96
39 years$3,701$2,363$1,460$879$518$82
40 years$3,568$2,248$1,368$810$470$70
41 years$3,442$2,140$1,283$748$427$60
42 years$3,323$2,038$1,203$690$387$52
43 years$3,209$1,942$1,129$637$351$44
44 years$3,101$1,851$1,060$588$319$38
45 years$2,998$1,765$995$543$290$32
46 years$2,900$1,684$935$502$263$28
47 years$2,806$1,607$878$463$239$24
48 years$2,716$1,534$825$428$217$20
49 years$2,630$1,465$776$396$197$17
50 years$2,548$1,399$729$366$179$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,610,000, adding $6,998 every year, while hoping to spend $54,875 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 33/47/20 Blend
54$2,610,000$2,610,000$2,610,000$2,610,000
55$2,883,438$2,745,108$2,704,653$2,960,606
56$3,119,163$2,821,232$2,736,873$3,094,679
57$3,377,091$2,899,247$2,768,332$3,233,561
58$3,659,432$2,979,187$2,798,949$3,382,098
59$3,968,614$3,061,087$2,828,634$3,541,175
60$4,307,315$3,144,983$2,857,295$3,711,761
61$4,678,480$3,230,906$2,884,834$3,894,927
62$5,085,357$3,318,893$2,911,147$4,091,847
63$5,531,520$3,408,975$2,936,128$4,303,816
64$6,020,907$3,501,186$2,959,659$4,532,258
65$6,557,854$3,595,559$2,981,622$4,778,742
66$7,147,138$3,692,124$3,001,890$5,044,994
67$7,794,021$3,790,914$3,020,328$5,332,916
68$8,504,300$3,891,957$3,036,797$5,644,601
69$9,284,358$3,995,282$3,051,150$5,982,356
70$10,141,230$4,100,919$3,063,231$6,348,719
71$11,082,664$4,208,892$3,072,877$6,746,489
72$12,117,195$4,319,227$3,079,918$7,178,746
73$13,254,227$4,431,948$3,084,174$7,648,885
74$14,504,121$4,547,076$3,085,457$8,160,646
75$15,878,290$4,664,631$3,083,568$8,718,147
76$17,389,309$4,784,631$3,078,300$9,325,929
77$19,051,032$4,907,091$3,069,437$9,988,993
78$20,878,722$5,032,024$3,056,748$10,712,847
79$22,889,199$5,159,440$3,039,996$11,503,565
80$25,100,991$5,289,346$3,018,930$12,367,837
81$27,534,514$5,421,746$2,993,286$13,313,034
82$30,212,263$5,556,640$2,962,790$14,347,280
83$33,159,023$5,694,025$2,927,152$15,479,529
84$36,402,103$5,833,892$2,886,072$16,719,644
85$39,971,595$5,976,230$2,839,233$18,078,498
86$43,900,654$6,121,022$2,786,303$19,568,073
87$48,225,814$6,268,245$2,726,937$21,201,570
88$52,987,329$6,417,872$2,660,772$22,993,542
89$58,229,558$6,569,868$2,587,429$24,960,024
90$64,001,376$6,724,194$2,506,511$27,118,690
91$70,356,639$6,880,803$2,417,602$29,489,015
92$77,354,694$7,039,641$2,320,270$32,092,466
93$85,060,934$7,200,644$2,214,059$34,952,699
94$93,547,416$7,363,742$2,098,497$38,095,785
95$102,893,542$7,528,855$1,973,087$41,550,460
96$113,186,808$7,695,894$1,837,310$45,348,390
97$124,523,629$7,864,759$1,690,626$49,524,477
98$137,010,246$8,035,339$1,532,469$54,117,186
99$150,763,731$8,207,511$1,362,247$59,168,909
100$165,913,094$8,381,141$1,179,344$64,726,367